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20130318
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is actually taxing everybody's bank accounts. >> if you look at the size of cyprus, it has an economy about the size of vermont. but, what it underscores is the fact that years on into the european debt crisis, there's still no common way to resolve a country that's going into sovereign collapse, to get a banking system out of bankruptcy. europeans don't know what will happen. as you said, the first proposition in cyprus, would have included a one-time tax, essentially taking depositors' money. they could lose their money. that's presumably off the table. it looks like the cypriots will be trying to hit the offshore money. bottom line is, if you live in another beleaguered country like spain or italy, you might be thinking of going to bank and take your money out. >> and just the fact that eu was floating this idea and the authorities in cyprus were floating this idea means, this is the beginning of the end of the euro, people have no confidence they can deposit their funds in the bank creates insecurity. >> real quickly, another deadline tonight for a possible agreement, do you think we'll
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